KOSPI (SEOUL.NDX) - Close: 2 061.97 (+13.16), Jul 29, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Positive Candidate -Medium term, Jul 29, 2014Analysis Explanation
KOSPI is in a rising trend and a continued rise within this trend may be expected. However, the price is now close to the ceiling of the trend channel, which may give a reaction down. Has given positive signal from a rectangle formation by a break up through the resistance at 2046. Further rise to 2115 or more is signaled. The index has marginally broken up through the resistance at points 2060. An established break predicts a further rise. RSI is overbought, which indicates a potential short-term reaction down. The index is overall assessed as technically positive for the medium long term.

1 day-0.55%0.00+0.64%
5 days0.001.83%0.00+1.63%
22 days0.004.56%0.00+3.69%
66 days0.008.21%0.00+3.08%
Trend 11%1990.02 - 2075.08
Short Term Trading Range2014-07-02
Moving average2014-04-15
Inverse Head and Shoulders 2014-04-08
Long Term Trading Range2014-03-28
Inverse Head and Shoulders 2014-03-27

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